What the hell is going on with altcoins right now?

Kolokoy

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Quote from: superknowa on January 14, 2018, 11:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

when Bitcoin loses it's price value then almost every altcoin's will drive down as well because most of the altcoins are being paired by Bitcoin and not by USD.
So, people aren't seeing the worst when Bitcoin dips but instead they invest more while the price value are cheaper than before because the crypto market will soon recover back to it's highest market capitalization.

radar19

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Quote from: superknowa on January 14, 2018, 11:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

this is bear market, my friend. if you think that everyone loses this period then you're wrong. Big fishes (sharks) know how to make a looooot of money now.

wayaneka

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Mostly all cryptocurrency down more than 50% from highest price, and this because too many bad news at the same times. But i believe will be any times for cryptocurrency to growing back and to ATH again like before. Now market need good news related cryptocurrency to increasing the volume and demand.

raymart0720

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ITS time for shopping hahahhaha yesterday I have funds came from my old wallet which contains PKT token ahhahaha
and I make .007 bitcoin which I used to buy some red blood tokens hopefully it will rise haha I can't wait for that moment Grin
I suggest to buy now and hold for long time especially TRX DCN haha and I bought some altcoins price is 1satoshi hahaha

ngalamunan

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Quote from: superknowa on January 14, 2018, 11:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

I think we also know that the value of the virtual currency can not be ascertained exactly because there are no guidelines or rules that can ensure the value of the virtual currency when investing

MartexMoon

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All normal, and just remember that the Chinese New Year is gonna be celebrated on February, 16th.
During the weeks before the Chinese New Year, they avoid any kind of negotiation involving money, cos they think it gives bad luck.
So expect a new influx of money from the Chineses after February, 16th.

yokai21

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All of my Altcoins are worth three days now but I still have confidence in my coins and I believe they will roll over again and surpass the price that went up last week. Just hold your coin as they fall because we have no other option to do.

KevenDabid

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Just because the increase was too big, and South Korea has a fake news that it intends to close exchanges, China is prepared to further restrict the flow of money into the cryptocurrency market.

senin

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Crypto currency can not constantly grow in price. During the period of recovery, there should necessarily be a decline in price. It's absolutely normal and it's always been like this. Therefore, you do not need to panic, but you need to be patient and wait for the next high point. Moreover, the state of the crypto currency market is always influenced by many factors.

sinduarianto

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which is happening in Bitcoin now is a lot of people who use Altcoin and Altcoin prices are currently on the rise, especially the price of Ethereum soaring.

tungnguyen224

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I think they call that's bitcoin's correction.

Crypington

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Most alt coins are in the red but Ethereum is flat. Perhaps a sign that people are shifting their portfolio to take advantage of EtherZero?

nakamote

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Probably there are some FUDs spreading if theres none,a big even will come that has negative impact to BTC's price for example korea will ban cryptocurrency trading it will result for the traders to panic selling.

Hemady17

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This is pretty normal in trading cycle day. As the investor sense that the price is to high many of of the holder will tend to sell their keep (profit taking). We'll the thing is the timing on how to sell and buy your altcoins.

cryptoamumu

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Probably people cashing out and taking profits. To be expected as everything was pumping a week ago. Good time to buy some more altcoins now.

bitcoinhunter1221

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My portfolio seems to be red also. Most of my coins are going down. But I think there's nothing to worry about because it's just because of some bug token holders sold their tokens. Things will just go back to normal.

cryptoux

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Probably the big players starting to come out to the cryptocurrencies,because today the market is too volatile,declining of the total market cap is alarming but its how the market reacts to what BTC does.

Hilde X

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Dont forget about this whole South Korea thing. They are so into crypto and then their minister of justice speculates about a ban... which wont come, but many people paniced or at least didnt buy.

https://www.ccn.com/koreas-opposition-party-rallies-proposed-cryptocurrency-trading-ban/

https://www.ccn.com/south-koreas-cryptocurrency-fiasco-is-fueling-a-political-conflict/

iigor

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I think it is just the weekend, the markets are working, but many people are resting. Less trading is happening over the weekend and it is common to see drops like that Saturday and Sunday.

dinoloverpete

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Quote from: superknowa on January 14, 2018, 11:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

I think it's a combination between a correction and the uncertainty over the situation in south korea, whether or not they will ban all cryptocurrency trading or if it is some misunderstanding.

avia

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Almost all altcoins are going down but there is no reason to panic. Fluctuation is a normal event in the digital world and in crypto currencies. When the values are going down, instead of oanic selling, this is probably the best time to buy some altcoins since we get to have them at a low price. But becareful in choosing the altcoins to buy and be sure that before lurchasing any, you have an idea on what the coin is about and the people behind it and if it has high potential for growth.

rainbow169

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Probably a correction over due. It has been a really good run for alts recently, it's probably time to cash out for the short term investors. There is also a possibility that investors are converting back to ETH for more ICO coming up.

But if you are a long term investor than short term fluctuation is nothing to worry about.

vincentong17

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Don't Panic its in higer low position everything will be okay if bitcoin maintains it's price or go up a little bit then alts will follow. you should hold a liitle more because there's another bull run coming so hold more altcoins.

GrannyC

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Quote from: superknowa on January 14, 2018, 11:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

It is usual for the market to go red now and then. Weak hands and speculators loosing the bags and all that. Also, there are some coin out there that have never had any value and eventually those must go.

sirkings0003

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Quote from: superknowa on January 14, 2018, 11:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

Based on the recent history altcoin will definitely go up again, maybe in less than 24 hrs. It does not make the altcoins bad in worth or value. Apart from any other reason, another is that people respond to the news on related news on crypto.

kdn

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CMC is showing a small drop, SELL ALL YOUR COINS NOWWW BUBBLE HAS BURST!!!

that was sarcasm by the way. Best thing to do when this happens is buy all the coins you can, its like a black friday sale.

linkbelka

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All scamers start rising, thats going on Grin

anthi

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Quote from: Ayamj on January 14, 2018, 01:56:49 PM

even me too my coins are realy bleeding maybe it might be because of the coming fork ethereum something like that, because only ethereum is mooning for now

neo!?

mrtryonebiggums

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You can't have 365 days in a year where the markets are green that isn't how it works. The markets need to reset, or people take profit, or people don't want to invest at certain prices. There are all kinds of reasons for markets being red but the main one is they can't be green 365.

Ayamj

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even me too my coins are realy bleeding maybe it might be because of the coming fork ethereum something like that, because only ethereum is mooning for now

jacaf01

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Anyone that allow himself to be shake out will regret it, it is a common thing to have market correction you can expect a market that has grown this big in two month not to experience something of this nature

btcdepo

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Quote from: qiman on January 14, 2018, 11:26:19 AM

Do not panic, this is always normal after a bull run. Also remember it is Sunday and on Sunday many of the altcoin and bitcoin whales like to cash out and buy in or the volume on exchanges drops so people tend to do a sell off. I am not upset at all even my portfolio is mostly in the red today I am now used to this and I never panic and I hold for next bull run when it comes.

Totally agreed. This is very normal reaction of market. As far as you don't fell to the trap of panic selling it all will be well soon. as far as I notice this is the main mistake of newbies, as soon as price goes down a bit they start selling and after it pulls back they regret.

carlowell

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All of my Altcoins are on fire 3 days now but I still have faith on my coins and I believe they will soon pump back up and surpass its price that peaked last week.
Just hold while they're dipping because we have no other choice to make. Just let it dump and when the prices are getting into the lowest then investors will try to pump as usual correction events happened in the last few weeks.

ballerin and giroud

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Yes I see that in the https://coinmarketcap.com/ just some Altcoins look green and have increased price. I'm looking at the top 100 coin, that is:
NEO 5.46%
ETC 6.06%
Ardor 6.38%
Vichain 3.18%
Tether 3.11%
Qash 0.89%
Gas 5.25%
Emercoin 5.03%
Partici 1.27%
In the world of cryptocurren this situation is normally, And for some investor they would say this is a great time to buy Bitcoin and Altcoin. Just relax don't be panic.

bamboylee

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Bitcoin has been down for two weeks, if I am right. It is natural that alt-coins will follow the bear trend.

Most of the time bitcoin recovers from every FUD out there. It will recover from this one as well. Then the altcoins will follow as well. Do not worry.

The only time you will worry is if you invested on a shitcoin or P&D coin.But if you invested on a reliable coin, it will recover from this down trend.

Stanlymaker

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Ohh, can correction do a lot of panic? Just wait and everything will be fine. Worry is only for those who have not very promising coins in the portfolio. And those who are sure of themselves can be calm.

dachrist

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this sutuation continue a week now , since CoinMarketCap removed South Korean exchange data from its price index in a swift, unannounced move.

ergun777

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i think something is not normal , bec a little panic will be destroy this ponzi game , remember 1929 black friday .

ycoin123

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Looks like that Altcoins are gonna Crash really Bad.Hope they will Recover very well

sunnycoiner23

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what is happening with those Coins....It's just the part of Business

Crasengover

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There's no reason to spread FUD at the moment. It a common situation for the market and a good oportinites for traders. Cryptocurrencies won't be so attractive without such volalility. Total market capitalization isn't falling so much, it's almost stable.

miyaka26

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Quote from: superknowa on January 14, 2018, 11:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

Oh don't panic this is totally normal for cryptocurrencies red days for its prices then 1 week after the red ones it will be green ones the cycle of decrease and increase always happen in market, the only difference is that cryptocurrencies are more volatile than stock markets, the market is so unpredictable that many people repeat the same mistake over and over again. You should see this an opportunity to buy more legit coins while they are cheap then wait for the pump.

Vik_the_Carpentner

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It calls "high volatility period" and the price is jumping. Wait up, buy some extra coins when they're cheap. Soon the market will be more or less stabilyzed and you may get a great money from trades.

coolvivek

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Its Just a correction and nothing else.They have grown exponentially in these days so some market corrections will always happen

Hexcolyte

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Everything is normal in the cryptocurrency world. The market is open and it spans across the globe. Just don't be panic and don't let your emotion control you when trading so you can make your best decision.

yummy23

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The situation right now is a little confused. Can't really tell that

Crypdon

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It must be whales cashing out as the price of bitcoin has not risen. Normally alts fall when bitcoin rises but this is not the case this time around. Which is a bit worrying, because if bitcoin does decide to bull, then alts will fall even further Shocked

chesatochi

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This happens all the time and especially on the weekend when fewer people trade. Maybe some whales cash out or people move their position on different coins.

I have not heard of any special events this morning, the market cap is stable at 692 billion of dollars.

qiman

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Do not panic, this is always normal after a bull run. Also remember it is Sunday and on Sunday many of the altcoin and bitcoin whales like to cash out and buy in or the volume on exchanges drops so people tend to do a sell off. I am not upset at all even my portfolio is mostly in the red today I am now used to this and I never panic and I hold for next bull run when it comes.

superknowa

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Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

Topic: What the hell is going on with altcoins right now? (Read 531 times)